February 5, 2023

Admiral Markets Blog | Head and Shoulders - A Complete Guide

Registration for the following webinar: https://bit.ly/2OfJ88N
Download presentation: https://vk.com/public59228101
Price Action is one of promising branches of technical analysis inthe basis of which is the methodology for assessing price behavior without the use of indicators. Price Action trading involves making decisions only on the basis of the price movement of a financial instrument. At the same time, price is the only true source of information, and technical indicators are not used. One of the methods of Price Action is the analysis of price patterns.
By looking at this view you will know:
- Key features of the Head and Shoulders pattern
- What is the “head and shoulders” figure actually talking about and how it helps to make a forecast about further price behavior.
- What behavior of buyers and sellers is hidden behind the pattern
- Where to look for “Head and shoulders” on the chart and how to enter deals using this pattern